Business

South Korean printer eyes Binh Dinh

At a recent meeting with the Binh Dinh Provincial People’s Committee, the CEO of the Gift by Design Company from South Korea, Mr. Hack Kil Kim, and General Director, Mr. Hak Sub Kim, expressed a desire to invest in a printing factory in the province.

Gift by Design has operated in the printing field in South Korea for 35 years and has had a factory in China for over 20 years, which it is planning to relocate to Vietnam to improve efficiency.

According to the Investment Promotion Center of Binh Dinh Province, the company leaders were looking for land in an industrial park to lease or sub-lease a factory in an industrial park with a total area of 15,000 sq m, of which the construction area would be around 8,000 sq m, in order to build a factory producing paper bags. It will also employ around 700 workers.

In using offset printing technology, Company Chairman Mr. Kim said the factory would not produce wastewater so there are no concerns about any environmental impact. The materials used for the factory will be imported and its finished products will be exported to the US.

Deputy Chief of the province’s Economic Zone Administration, Mr. Nguyen Ngoc Toan, said that Nhon Hoa Industrial Park was entirely able to meet the investor’s requirements. Specific information on the industrial park, its rental rates, infrastructure costs, and labor costs will be provided in detail to the investor. The company appreciated the provincial leadership’s support and committed to study the information given and make an investment decision shortly.